Oil gains modestly on mixed supply signals

Oil prices slightly increased during today’s trading on Friday, October 2, 2026, approaching levels of approximately $102.13 for Brent and $92.68 for West Texas Intermediate, despite mixed signals regarding global supply. This follows a rise in Brent prices of more than 14% in September, and a decline of about 1.93% this week, amid concerns over escalating tensions in the Middle East and China's announcement of a temporary halt to fuel exports during October holidays, along with ongoing U.S. pressure on Europe to draw down diesel inventories to control rising prices.

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